Curaleaf (OTCMKTS:CURLF) Shares Gap Down - What's Next?

Key Points

• Curaleaf Holdings, Inc. shares gapped down to $2.83 at opening after closing at $3.03, with the stock currently trading at $2.93 and a trading volume of 158,395 shares.
• Cormark upgraded Curaleaf from a "hold" to a "moderate buy" rating, contributing to an overall average rating of "Strong Buy" from analysts.
• The company reported a quarterly EPS of ($0.06), surpassing predictions of ($0.07), although it maintains a negative return on equity of 14.61% and a net margin of 18.08%.

Shares of Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $3.03, but opened at $2.83. Curaleaf shares last traded at $2.93, with a volume of 158,395 shares trading hands.

Analysts Set New Price Targets

Separately, Cormark raised shares of Curaleaf from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of "Strong Buy".

Curaleaf Stock Up 3.6%

The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -9.81 and a beta of 0.71. The company has a quick ratio of 0.70, a current ratio of 1.47 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average price of $2.58 and a two-hundred day moving average price of $1.49.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. Curaleaf had a negative return on equity of 14.61% and a negative net margin of 18.08%. As a group, sell-side analysts expect that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current year.

Curaleaf Company Profile

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.

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